Innovation Fund 2024 Auction - Fixed Premium Auction for RFNBO hydrogen production

This program targets entities capable of producing Renewable Fuel of Non-Biological Origin (RFNBO) hydrogen, aiming to support Europe's industrial leadership and climate neutrality by 2050. The eligibility criteria for applicants and the specific geographic scope are detailed in the official call document.

This program supports projects focused on the production of Renewable Fuel of Non-Biological Origin (RFNBO) hydrogen, including a specific topic for the maritime sector. The funding is designed to cover eligible costs associated with bringing these innovative projects to a commercial or scaling phase.

The funding is provided through fixed premium auction unit grants, with a total available budget of €1.2 billion for the call. The nature of the auction means the specific funding amount per project is determined by competitive bidding.

Applicants must adhere to strict admissibility, eligibility, financial, and operational capacity requirements, as well as specific legal and financial conditions governing the grants. These conditions are thoroughly detailed across various sections of the official call document.

The application process is a single-stage submission conducted through the Funding & Tenders Portal. Projects are evaluated based on award criteria that include bid price, relevance, and quality, leading to a cascade selection process.

This program is governed by a robust legal framework established by specific European Commission decisions and regulations, ensuring its mandate and operational guidelines are clearly defined.